Panasonic will cooperate with Hangzhou Dadi Environmental Protection Engineering Company Ltd., Dowa Holdings Company Ltd., and Sumitomo Corporation to form a jointly-held company, Panasonic Dadi Dowa Summit Recycling Hangzhou Company Ltd., in China.

China's Zhejiang Hisun Pharmaceuticals announced the signing of a memorandum of understanding to form a joint venture with Pfizer Inc. to strengthen the ability of both companies to reach more patients with high-quality and low-cost medicines in the branded generics arena.

Reports in local media say that Toyota Motor Finance (China) Company, a subsidiary of Toyota Financial Service, has fined by the local administration for industry and commerce in Hangzhou, the capital of Zhejiang Province, for its involvement in commercial bribery.

Research in Hangzhou, Zhejiang province, has shown that the application of foamed bitumen cold recycling technology using equipment supplied by Germany-headquartered Wirtgen China can make major savings in heating energy, reduce carbon emissions, and provide a very high utility ratio for recycled materials.

According to the Zhejiang Provincial Bureau of Industry and Commerce, the Japan-based automobile manufacturer Toyota has been selling uncertified automobile parts in China.

The Chinese provinces of Jiangsu and Zhejiang have joined with Shanghai to reach a consensus on building up a joint mechanism for forecasting air quality during the World Expo 2010.

Nongfu Spring, one of China's largest producers of bottled water and beverages, has donated 380,000 boxes of bottled water, worth a total of CNY13 million, to residents in Yunnan who are affected by the serious drought there.